Una

OCTOBER 31, 2023

Change Management Tips for Procurement Professionals Practical change management tips for overcoming resistance from stakeholders and getting your procurement changes to stick for good. Going into a meal, you might expect to beg and employ your best negotiation tactics. Ambiguity can fuel resistance.

Change management 52

Change management Management Procurement Leadership 52

Procurement Leaders

JUNE 1, 2022

Excluded from planning meetings and strategic decisions, and with a team lacking the knowledge and relationships to drive real change, procurement was extremely decentralised, in control of just 30% of global spending and focused mostly on tactical, transactional activities.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Supply Chain Game Changer

FEBRUARY 12, 2020

Why have so few companies adopted a TMS (Transportation Management System) solution? There are tremendous benefits but there are obstacles, real or perceived, that get in the way. And they would not have the end to end supply chain visibility that can come with a TMS. Supply Chain as a Service (SCaaS)! .

Management 76

Management Real-time Visibility Supply Chain Optimization supply chain budgeting 76

SCMDOJO

JULY 24, 2023

They can be businesses or individual consumers who expect their orders to be delivered in a timely manner and in good condition. Read More: Evolution of Supply Chain Management and Logistics ] Benefits of Contract Logistics Contract logistics offers several benefits to businesses looking to streamline their supply chain operations.

Contract 98

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 98

Procurement Software

APRIL 18, 2023

eAuctions are an essential alternative to traditional negotiation methods. eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. These negotiations take place in real time, with all prospective suppliers at once. This back and forth is very time-consuming.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Procurement Heads

JULY 19, 2023

We have an amazing analytics dashboard, which gives us visibility on spend and suppliers’ contract duration, supplying really important insight. We did an EcoVadis submission for the first time in 2021 and got bronze, last year we got silver, so we are definitely on the right trajectory. It is a non-negotiable in my mind.

Real-time Visibility 130

Real-time Visibility Import Procurement Sustainability 130

SCMDOJO

MARCH 25, 2022

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. working with suppliers or customers was not a priority for most managers at the time. and J-P Rodrigue (2004)).

Supply Chain Efficiency 138

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Logistics 138

World of Procurement blog

MAY 23, 2024

Companies pursue supplier consolidation for a few key reasons: To reduce procurement costs by negotiating volume discounts and more favourable contract terms with fewer suppliers. Delivery performance - Measure on-time delivery rates and lead times for each supplier. Reliable, on-time delivery is essential.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. By establishing standardized workflows and decision rules, BPM streamlines the claims process by reducing processing times and minimizing errors.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Jaggaer

OCTOBER 24, 2024

With quantitative and qualitative KPIs, you get a bird’s eye view to understand supplier performance and make more informed decisions. Real-Time Insights for Risk Management Managing supplier risks involves identifying, evaluating, and reducing constraints created by suppliers, and their suppliers as well.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

World of Procurement blog

MAY 8, 2024

Introduction to Contract Management Contract management is the process of systematically and efficiently managing contract creation, execution, and analysis to maximize operational and financial performance at an organization. Effective contract management provides numerous benefits for companies across industries.

Contract management 52

Contract management Contract Management e2e 52

Procurement Insights

AUGUST 30, 2023

They say that, like truth, good ideas stand the test of time. Considered to be a breakthrough assessment of the purchasing industry at the time, I felt that there were several gaps in the study. The right technology will enable enterprise-wide supply management, external supply chain visibility, and internal and external collaboration.

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

World of Procurement blog

MAY 10, 2024

Spend Analysis and Classification with AI AI and machine learning are transforming spend analysis and classification, providing procurement teams with unprecedented visibility into organizational spending. This can include financial health, reputation, past performance, compliance records, and real-time market intelligence.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Software

JUNE 20, 2023

But then we also included a couple in here which are a bit more specialist, focusing on one or two specific aspects of contract management. We plan to refresh the article a couple of times a year, as solutions are constantly adding features and new solutions come onto the market.

Contract management 52

Contract management Contract e2e Management 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JULY 5, 2023

Integrating technology into procurement processes is not just about keeping up with the times; it’s about realizing the potential for enhanced efficiency, accuracy, transparency, and strategic decision-making. Benefits of Utilizing Managed Procurement Services Managed Procurement Services bring a host of benefits to businesses.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Supply Chain Game Changer

NOVEMBER 8, 2018

Check out Do you have a Freight Management Strategy or are you Spinning your Wheels? Why have so few companies adopted a Transportation Management System (TMS) solution? There are tremendous benefits but there are obstacles, real or perceived, that get in the way. The service offering sold very well.

Management 43

Management Real-time Visibility Supply Chain Optimization supply chain budgeting 43

World of Procurement blog

MAY 20, 2024

With the right CLM solution in place, procurement can achieve end-to-end visibility into the contracting process, reduce cycle times, and eliminate inefficient manual tasks. What is Contract Lifecycle Management (CLM) Software? Higher productivity - Less time spent on manual tasks allows teams to focus on more strategic work.

e2e 52

e2e Real-time Visibility Procurement Contract 52

Empowering CPO

JUNE 27, 2023

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. Data Integration and Visibility: Connecting disparate data sources, such as procurement systems, supplier databases, and financial records, to create a centralized and holistic view of procurement activities.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Empowering CPO

JUNE 25, 2023

It’s a strategic function that requires careful planning, selection, and negotiation to ensure that businesses get the best value for their money. It’s a delicate balancing act, where businesses must juggle quality, cost, supplier relationships, and risk management, all while keeping an eye on their bottom line.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

TYA Suite

SEPTEMBER 15, 2024

Procurement ERP software often includes SRM modules that enable businesses to manage supplier information, evaluate performance, and maintain strong. These tools help in negotiating better terms, ensuring timely deliveries, and fostering long-term partnerships. Once approved, are generated and sent to suppliers.

Procurement 40

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 40

SCMDOJO

AUGUST 21, 2023

This extensive reach provides businesses with the opportunity to connect with various demographics and target markets, enabling them to broaden their brand’s visibility and potential customer base significantly. > Watch Now: Too Late for Change Management? >

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

World of Procurement blog

MAY 8, 2024

Customers receive orders on-time without backlogs. Effective SCM gives businesses an edge over the competition by being more responsive to demand changes and disruptions. Plan The planning phase focuses on forecasting demand to determine what products are needed, the quantities required, and timing of orders.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Contract management systems: Solutions that store, organize, and manage procurement contracts in a centralized repository.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Importance of Innovative Procurement Models In the era where change is the only constant, innovation has become a necessity rather than a luxury.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

JANUARY 30, 2020

As I mentioned in my prior blogs, Inventory Turnover Breakthrough , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. . There is no visibility to, ratification of, or governance of the demand being loaded into the ERP system. Raw Material Management.

Inventory 61

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 61

Empowering CPO

JUNE 21, 2023

It’s about automating tedious tasks, enhancing data visibility, and providing more profound, actionable insights. Additionally, the sheer volume of transactions that large businesses dealt with on a daily basis made manual Spend Analysis highly time-consuming and inefficient.

Real-time Visibility 52

Real-time Visibility Data Procurement Strategic sourcing 52

Supply Chain Game Changer

NOVEMBER 15, 2018

The success of the Lean deployment varied over time. Especially if the leaders of the Back Office functions that need to be changed are not on board. The commitment to change, to staff the efforts, to measure the progress, and to make the necessary investments will be lacking. This will be readily visible to the employees.

Agile and Lean Supply Chain 43

Agile and Lean Supply Chain Real-time Visibility Supply Chain Efficiency Leadership 43

TYA Suite

SEPTEMBER 5, 2024

Proper management of invoices ensures that businesses pay their bills on time, avoid late fees, and maintain positive relationships with suppliers and vendors. It also helps manage cash flow, as timely payments and accurate record-keeping prevent disruptions to the financial stability of the organization.

Management 40

Management Real-time Visibility Vendor relationships Data 40

Empowering CPO

JUNE 22, 2023

The primary goals of conducting a spend analysis are multifold: Cost Reduction: By providing a comprehensive view of expenditure, spend analysis allows businesses to identify opportunities for consolidated spending and negotiate better deals with suppliers. Good classification allows for easier analysis and better insights.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Planergy

OCTOBER 13, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Monitoring helps identify any issues early and allows for timely interventions if needed. How to report and analyze indirect spend to identify savings opportunities.

Budget 52

Budget Purchasing Real-time Visibility Spend management 52

Supply Chain Game Changer

NOVEMBER 16, 2018

As I mentioned in my prior blogs, Inventory Turnover Breakthrough (Parts 1 and 2) , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. There is no visibility to, ratification of, or governance of the demand being loaded into the ERP system.

Inventory 43

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 43

Empowering CPO

JUNE 20, 2023

It’s what enables businesses to gain visibility into their spending, identify inefficiencies, and uncover opportunities for cost savings. It aids in better supplier management, negotiation, and budgeting, enabling you to make strategic decisions that can drive savings and efficiencies.

Data 40

Data Real-time Visibility Suppliers Sourcing 40

Procurement Insights

MARCH 13, 2025

unified spend visibility), and improved user adoption due to consistency. Cons : Higher upfront cost and effort; may require significant change management or system upgrades. cutting P2P cycle times by 30%, as seen in successful SAP Ariba/S/4HANA rollouts. Legacy systems are retired or fully replaced.

Real-time Visibility 52

Real-time Visibility Influencing Buyers Data 52